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The YNAB Podcast

Spendfulness

The YNAB Podcast

YNAB

Consolidation, Total, Budget, Dave, Peace, Money, A, Education, Ynab, Finance, Bankruptcy, Makeover, Fpu, Software, Management, Personal, Need, Ramsey, Financial, University, Debt, Kids & Family, You

4.71.1K Ratings

🗓️ 27 January 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

People have been doing it for years by following the YNAB method -- self-actualizing by aligning their spending with themselves. Now the YNAB team has come up with a word to describe it. It's not a budget, it's not a set of rules.

 

It's spendfulness.

 

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[email protected]

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Winehabers. My name is Jesse Meckham with another episode of the Wineab

0:08.3

podcast, and I'm here each week to obsess out loud about spendfulness. It is spending purposefully,

0:15.5

saving aspirationally and giving joyfully. As you well know, it all comes down to just giving

0:20.8

every dollar a job.

0:24.0

We made up a new word and we threw that new word out into the ether. And it's been fun.

0:32.5

It's been fun to watch. Why did we make up a new word? Because we could not, for the life of us, figure out how to describe what people experience when they use Wynab.

0:43.1

They aren't experiencing their net worth going up, although it might.

0:47.3

They aren't experiencing extreme frugality, although they may embrace it.

0:50.9

They aren't experiencing financial independence retiring early.

0:57.2

But they may choose to go that route they're experiencing an alignment of themselves with their spending and they're knowing

1:07.7

themselves better and better every day and spending accordingly accordingly and we're

1:15.1

not just calling that spendfulness it's not frugality it's not rise and grind it's not follow these

1:24.5

you know six or seven steps and you're on your way to success as defined by you know

1:30.1

i don't know some random book or whatever it's not doing money the way your parents taught you

1:36.5

or didn't teach you it's knowing yourself better and better what really makes you tick what you really really want out of this thing

1:46.2

we call life and then making sure that your money helps you realize those dreams wants small and

1:53.5

large that is living spendfully so when you are being spendful you are being being thoughtful, but you're not, you're no miser,

2:04.4

thoughtful, not obsessive.

2:07.0

You can be saving money, but you're not hoarding.

2:10.2

You can be careful with your pennies, but you're not extremely frugal.

2:16.2

You can care about the dollar and give it away

2:19.4

with what appears to be reckless abandon you have this healthy respect for money i'm not going to call

...

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